METS - mining, equipment, technology and services
NSW is a leading supplier of innovative mining equipment, technology and services (METS) solutions for the resources industry. Many products and services used today by the global mining industry were developed in NSW. These include coal longwall mining equipment, hydraulic roof supporting systems, roof bolting machines, advanced mining technologies, mine planning and evaluation software.
NSW is also home to world-class universities and research institutes that combine research capability, industry collaboration and innovative solutions to all facets of mining projects, including research, design, construction, project management, equipment supply and remediation.
The METS sector is critical to Australia's economic growth. NSW METS companies are estimated to generate $23 billion in gross revenue, which is 25% of the national total. METS companies play a critical role in supporting productivity, efficiency and optimisation improvements for the resources sector.
There are several programs and business groups working in NSW to support the sector. METS NSW brings these groups together to accelerate innovation and champion METS related business and research expertise throughout NSW.
Case study: Energy and Resources Knowledge Hub
The NSW Energy and Resources Knowledge Hub is a networked platform for the energy and resources sector to capture opportunities for growth, development, collaboration and innovation. In conjunction with the NSW Government and the University of Newcastle, the Knowledge Hub is focused on strong links between research and business.
New markets for energy technologies
The Hub aims to foster an energy technologies sector to respond to the demand for energy services and technologies focused on productivity and efficiency. The Hub will provide a platform for industry collaboration, industry-linked innovation and the tools to address and overcome local sector challenges.
The creation of this new market and ability to provide localised energy technologies to consumers will be enabled by the continued deregulation and privatisation of the NSW energy infrastructure. This new market will also create the potential for NSW to export newly developed energy technologies.
Targeting resources productivity and efficiency
The METS sector is critical to Australia’s economic growth. As significant exporters of high value added products and services worth an estimated $15 billion per annum, METS companies play a critical role in supporting productivity, efficiency and optimisation improvements for the resources sector. There are several programs and business groups working in NSW to support the sector. METS NSW brings these groups together to accelerate innovation and champion METS related business and research expertise throughout NSW.
Key partners in METS NSW include The Newcastle Institute for Energy and Resources, The NSW Department of Industry (Division of Resources and Energy), Hunter Business Chamber, HunterNet, Austrade, AiGroup, Austmine alongside a diverse range of industry participants.
One of the objectives of the Hub is to boost the innovation investment of SMEs and provide new tools and services to enable Australian businesses to invest, create export opportunities, innovate and grow. The Hub will aid the involvement of SMEs in new markets through the provision of services in partnership with business chambers and through the use of existing NSW Government programs. The Hub will build on existing networks and industry investment in energy and resources research, leveraging partnerships between Newcastle Institute for Energy and Resources (NIER), industry and other research institutions.
Competitiveness and productivity through knowledge transfer
The Hub will enable the energy and resources sector to address competitiveness and productivity concerns by supporting the creation of innovative business management processes and dissemination of best practice solutions and information. To maintain international and local competitiveness, the Hub will also provide members with access to information on global capital and supply chain markets.